As part of the Coronavirus Aid, Relief and Economic Security Act (CARES) Act — a $2 trillion stimulus package that provides financial relief to individuals, families, and businesses — an advanced tax rebate, or stimulus check, will be provided to 80% of taxpayers, according to the IRS.
If you’re wondering how much money you may qualify for under this relief package, TurboTax can help — just fill out the simple fields in our free stimulus calculator here to see your estimated amount.
Stimulus checks — up to $1,200 for individuals, $2,400 for joint taxpayers and an additional $500 for each qualifying child under 17 — will be based on information from your most recent tax filings, either 2019 or 2018 if you have not yet filed this season.
For those that aren’t required to file a tax return, TurboTax launched a Stimulus Registration Product to help you submit all the necessary information to the IRS so that you can quickly and easily get your money.
We’ve Got You Covered
You can be confident that TurboTax is here to keep you informed and help you file now up until the federal tax deadline.